Tri-County Water Association
- Assets
- $3.1m
- Revenue
- $614.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Shinnston, WV
- Founding
- 07/1961
- Data as of
- 12/2023
- EIN
- 55-6023858
Organization Overview
Tri-County Water Association is located in Shinnston, WV. The organization was established in 1961. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Tri-County Water Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Water Association is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Tri-County Water Association generated $614.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $673.4k during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DISTRIBUTION OF WATER TO OVER 1100 RESIDENTIAL AND COMMERCIAL CUSTOMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DISTRIBUTION OF WATER TO OVER 1100 RESIDENTIAL AND COMMERCIAL CUSTOMERS.
PROVIDE DISTRIBUTION OF WATER TO OVER 1100 RESIDENTIAL AND COMMERCIAL CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rama Oliverio President | Officer | $0 | |
Thomas Springer Vice Preside | Officer | $0 | |
Glenn Doyle Sec/treas | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $4,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $610,403 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $614,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,550 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $64,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,963 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,912 |
| Travel | $309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,152 |
| Insurance | $19,000 |
| All other expenses | $0 |
| Total functional expenses | $673,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,670 |
| Savings and temporary cash investments | $58,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,030 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,016 |
| Net Land, buildings, and equipment | $2,858,389 |
| Investments—publicly traded securities | $46,486 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,550 |
| Total assets | $3,092,578 |
| Accounts payable and accrued expenses | $75,610 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,231,327 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,262 |
| Total liabilities | $2,346,199 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $758,750 |
| Retained earnings, endowment, accumulated income, or other funds | -$12,371 |
| Total liabilities and net assets/fund balances | $3,092,578 |